The Exchange has launched its upgraded service Exweb Gold, which includes all existing Exweb services as well as additional services such as in-force contract management and aggregated real-time policy valuations for pensions and bonds.
Gold users will be able to obtain contract information including a single view of each client’s policies, including details of funds attached to each contract.
The Unipass-compliant solution includes real-time valuations for pensions and bonds and a price feed from Financial Express covering unit trust including Peps and Isas, individual shares and bonds, and a manual update feature for assets where electronic updates are not available.
IFAs can print out reports containing in-force policy valuation information, which can also be exported as a data file.
First providers to support real-time valuations through the service are Friends Provident and Standard Life, with Pru expected to join in the first quarter, and AXA, L&G, NU, Scottish Equitable, Scottish Widows and Skandia joining later this year.
Introductory pricing has been at £14 per month until 31 March for those signing up before the end of January. A discounted rate of £25 will then apply through the remainder of 2005.
A price of £25 monthly will apply through the rest of the year for those who subscribe by the end of March. The standard price is £35 monthly, with discounts for multiple licences.IFAonline
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